|Bid Price||-||Offer Price||-|
|Mid Price||GBX 87.49||Day Change||GBX +0.35 (0.40%)|
|Price Date||17 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.69 %|
|Total Expense Ratio||0.71||Fund Size||152,950,000.00|
|Launch Date||31/01/2000||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||0.71|
|ISIN||GB0030929185||Min TopUp (£)||100.00|
The fund is designed to track the performance of the FTSE World Europe ex UK Index, which represents a broad spread of European company shares. It will typically hold around 375 stocks, including the largest 100 stocks in the index, as well as a selection of the remaining smaller stocks to ensure that the fund’s market capitalisation and industry weights are in line with the index weighting.
Nigel Booth is manager of the M&G European Index Tracker Fund and deputy on the M&G Index Tracker Fund and the M&G Fund of Investment Trusts Shares. Nigel is also head of index funds. Before joining M&G, he was responsible for index/passive funds and derivatives dealing at Insight Investment. Nigel graduated in business studies.
Richard O'Connor joined M&G in 2002 and is manager of the M&G Fund of Investment Trust Shares, the PPL Ethical Fund and a number of index funds. He joined the business from Goldman Sachs where he worked as a consultant. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management in a research analyst role, which he held for more than three years. Richard graduated with a bachelor of commerce degree from the University of Natal and holds an honours degree in investment management from the University of Johannesburg (formerly RAU).